| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Mar 2019 - 31 Aug 2019 | 25 Sept 2019 | 57 | 17% | 73% | 10% | 6% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 62 | 17% | 73% | 10% | 46% |
| 01 Sept 2017 - 28 Feb 2018 | 21 Mar 2018 | 59 | 20% | 63% | 17% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 30 days after month end though there are a number of suppliers where payment is processed earlier or within 30 days after invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
If a dispute arises, the invoice is held by the relevant Director or Manager and will not be paid until the issue is resolved or a credit raised.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Lenham Storage Company Limited, trading as Lenham Storage, is a family-owned logistics business based in Kent, established in 1946. It specialises in ambient grocery and FMCG storage and distribution, operating a food-grade distribution network with daily nationwide deliveries to major multiples, cash and carry outlets, food service outlets, wholesalers, independent outlets, high street retailers, restaurants, hotels, farm shops and garden centres. The company provides warehousing, distribution and contract packing services to manufacturers, importers and distributors, and holds accreditations including the BRC Global Standard for Storage and Distribution. It employs several hundred staff across sites in Lenham, Sittingbourne and Aylesford, and describes itself as a medium sized business competing against larger logistics providers through specialist knowledge and customer focus.
Generated from the company's website and Companies House records. Sources: lenham.com · lenham.com